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FOX News
Dec 28, 2012 3:00pm PST
november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $400,000. not if you have for boehner. he wanted it to be $1 million or more. that is something that can beer worked on. spending cuts the republicans wan
FOX News
Dec 28, 2012 4:00pm PST
work out a deal, tax hikes, spending cuts will take effect on tuesday of next week. president obama says he is willing to give congress a little time to come up with a compromise but his patience is limited well as is the rest of the country's. ed henry with the news live at the white house. ed, first, a dramatic meeting earlier today at the white house. and then this ultimatum from the president. >> that's right, harris. it was a dramatic exchange. what i'm told by a senior white house official is that the president basically told john boehner and mitch mcconnell the republican leaders in the room here for this meeting that he wants an up or down vote on his scaled back bill to try to avoid this fiscal cliff. and he basically turned on them and said so what's your response? what's your move? the next move is yours. and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by
FOX News
Dec 27, 2012 6:00am PST
in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to
FOX News
Dec 31, 2012 6:00am PST
business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but nonetheless before this past weekend, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people who could not come to an agreement on cutting spending will in fact be spending more on themselves using money which we do not have. heather: speaking of all that spending we are expected to hit the debt ceiling in just hours. another blow to the economy. >> that means that we are about to run out of money and we can not borrow anymore. treasury secretary tim geithner says, well, we'll move some money around so we won't default on our obligations but nonetheless we are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess con
Search Results 0 to 3 of about 4